Recent Price Movement and Volatility
Cranex’s shares have experienced a notable downtrend over the past week, with a decline of 8.73%, contrasting sharply with the Sensex’s modest gain of 0.79% during the same period. The stock opened sharply lower on 21-Nov, with a gap down of 7.05%, signalling immediate selling pressure from the outset of trading. Despite an intraday high of ₹74.80, representing a 5.26% rise from the previous close, the stock ultimately hit a new 52-week low of ₹66.05 during the session, underscoring the volatility and bearish sentiment prevailing among investors.
The trading range for the day was wide, spanning ₹8.75, and the weighted average price indicates that a greater volume of shares exchanged hands closer to the lower end of this range. This ...
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